Tex. Fin. Code Section 275.102
Audits and Reports

(a)

At least once each year, a mutual trust investment company shall cause an adequate audit to be made of the company by auditors responsible only to the board of directors of the company.

(b)

A mutual trust investment company shall furnish annually a copy of the company’s audited financial statement to each corporate fiduciary owning stock in the company.

(c)

The mutual trust investment company shall pay the:

(1)

reasonable expenses of an audit required by this section made by an independent public accountant or certified public accountant; and

(2)

costs of preparing and distributing a report required by this section.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.26(a), eff. Sept. 1, 1999.

Source: Section 275.102 — Audits and Reports, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­275.­htm#275.­102 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 275.102’s source at texas​.gov